So you're hearing a lot of talk about gold prices going up. Nothing else seems solid, so why not buy something that you can touch and see? Financial planners give several reasons: storage costs, insurance costs and lack of short-term gains.
Despite the recent run-up in gold prices, metals don't increase substantially over months or years. In 2010, gold reached the same price it held in 1980.
"What if you actually owned a bar of gold?" Grable says. "You're paying money to hold the assets. It's not going to provide income. Most investors want investments to provide income."
Granted, he says, the short-term gains are attractive. "Starting in 2000, if you owned gold, you looked really smart."